The Credit Crunch Crisis has badly hit most of the UK companies. In these tough times, businesses are looking for ways and means to conserve cash.

Cutting down unnecessary cost, tight control of expenses and regular monitoring of inventory items are some of the important measures that organisations can adopt to remain in business during these tough times.

Of course, this requires the availability of key accounting information in a timely manner, for the decision makers to act accordingly.

To better equip the Sage 50 Accounts customers to address these issues, Microsap, (www.microsap.co.uk) a leading software services company and a Sage development partner, has launched a unique and effective solution – The Credit Crunch Module for Sage.

The Credit Crunch Module sits on top of Sage 50 Accounts software and uses the already available data to provide a thorough and meaningful analysis of expenses and possibly locked-up inventory assets.

The Credit Crunch Module, at present, provides two functions:

Expense Analysis

Expense Analysis uses the categorized headings already defined in Sage 50 Accounts to provide a thorough analysis of all the expenses. The various options for comparison include

• Current Month v/s Last Month
• Current Quarter v/s Previous Quarter
• Current Half Year v/s Previous Half Year
• Current Half Year v/s Previous Year same Period
• Current Year to Date v/s Previous Year to Date

The advantages of the Expense Analysis include:

• On Demand availability for real-time comparison of Expenses
• Accounting system being the primary source, data integrity and correctness is ensured
• Graphical representation for quick analysis

ABC Analysis

ABC analysis is the method of classifying items involved in a decision situation on the basis of their relative importance. The classification may be on the basis of monetary value, availability of resources, variations in lead-time, part criticality to the running of a facility, new customer parts unique to that product, and others

• “A” – items are the highest priority, the tightest control, frequent deliveries, close follow-up, and accurate records. Planning and Scheduling these parts utilize MRP (Material Requirements Planning), DRP (Distribution Requirements Planning, or EOQ (Economic Order Quantity) or other lot sizing techniques such as Lot for Lot. 10 % of the “A” items volume accounts for 70% of the total inventory value
• “B” – items are the priority when low or out of stock. Normal control is used and good records are maintained. EOQ and other lot sizing methods can be used effectively with these items. “B” items account for 20% of the total inventory value, and 20% of the inventory volume.
• “C” – items are the lowest priority, simplest method of control. Min/Max used for ordering. These parts are usually expensed, as there are no records for them. These parts represent 10% of the total value, and 70% of the volume

The advantages include

• The analysis can be carried out based on either the Rate, or the Value or the Quantity of inventory items
• You can define your own criteria for ABC analysis
• Choose the range for each of the type of groupings

Microsap along with its group company Winjit Technologies, have proven expertise in developing high end software solutions, especially for Finance and Accounting. The solutions developed are not only of the highest quality that add value to the customers but also have a huge cost advantage. Unlike any software technology company, Microsap has a robust global delivery centres that collaborate the best of the resources across the world in an optimum way without compromising on the quality.

About Microsap UK (www.microsap.co.uk)

Microsap Limited is a global software consulting and software services company established to offer services to Software Product companies (ISVs) and End-user organizations, primarily in small and medium size sector. Working closely with its customers, Microsap delivers technology solutions tailored to meet their business challenges. Microsap operates ISO certified development centres in India with its group company Winjit Technologies (www.winjit.com).  Over the past few years, it has successfully executed a number of engagements with customers in the UK , Europe, Africa and Australia .

Leveraging its technology expertise and its knowledge of business processes, Microsap has enabled its customers to create far greater value out of their investment in ERP software. With its excellent knowledge of Accounting and Finance processes and good understanding of SAGE and SAGE family products, Microsap has devised a number of innovative solutions for SAGE users. Microsap has become a Sage Development Partner in 2006 to help this cause.

Always keen on building long-term partnerships, we work closely with our customers and help them to:

• Stay ahead of the competition by early deployment of their software
• Retain all important business knowledge
• Reduce the impact of changes through process driven approach
• Create a satisfied customer base through reliable, quality software
• Leverage our offshore engagement models to optimize the development budgets

Credit Crunch Module for Sage 50 Accounts can be downloaded here

For more details, contact

Microsap Limited
Asmec centre, Eagle house,
The Ring, Bracknell ,
Berkshire RG12 1HB
United Kingdom
Phone: 01344 382 060
Fax:    01344 303 192
Email: sales@microsap.co.uk

Download Document on Changing VAT in Sage Line 50

]]> http://www.sageexperts.net/vat-change-in-sage-line-50-from-175-to-15/feed/ 1 http://www.sageexperts.net/vat-change-in-sage-pastel-evolution-and-sage-pastel-partner/ http://www.sageexperts.net/vat-change-in-sage-pastel-evolution-and-sage-pastel-partner/#comments Sat, 29 Nov 2008 07:32:12 +0000 Ashwin Kandoi http://www.sageexperts.net/?p=64 With the advent of change in UK VAT rate from 17.5% to 15%, people are worried about the implications in the accounting softwares installed.  There is a solution for this.  Read the above link if you want to change the VAT Rate in Sage Pastel Partner and Sage Pastel Evolution

Click here for more details

This article explains on steps to do the same

To change the VAT rate in Sage Accounts

To change the standard rate of VAT in Sage Accounts, you should edit the standard rated tax code, T1 by default.

Note: You should make this change on 1 December 2008.

1. Open the Settings menu, choose Configuration then click the Tax Codes tab.

Sage Accounts v9 and below – Open the Settings menu then choose Tax Codes.

The tax code information appears as below

2. Select T1 then click Edit.

Note: If you use a different tax code for your standard rate of VAT, select the relevant tax code then click Edit. The Edit Tax Code window appears.

3. Enter 15 in the Rate box then click OK. The Edit Tax Codes window closes.

4. To apply the change, and return to the Sage Accounts desktop, click Apply then click Close.

Note: The following are not affected by the change in VAT rate:

 Zero rated goods, for example, basic foodstuffs, children’s clothing and children’s footwear.

 Goods and services subject to VAT at the reduced rate of 5%.

We have software / services and develop bespoke applications on Sage line 50 as per your requirements.